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Northvolt
About
Northvolt is a lithium-ion battery manufacturing company that focuses on providing eco-friendly batteries.
- 1001 - 5000
Details
- Last Funding Type
- Series Unknown
- Last Funding Money Raised
- €10M
- Industries
- Battery,Clean Energy,CleanTech,Electronics,Manufacturing
- Founded date
- Jan 1, 2016
- Number Of Employee
- 1001 - 5000
- Operating Status
- Active
Northvolt develops sustainable lithium-ion batteries in conjunction with R&D, industrialization, and recycling to support clean energy. It provides electrification and renewable energy storage designed for lithium-ion battery plant to produce batteries for electric vehicles. Northvolt's product is an environment-friendly battery manufactured with minimal carbon footprint and with recycling technology without compromising with important eco-systems, enabling the auto industry to replace fossil fuels with electricity in an efficient manner. The company aims to establish a supply of sustainable battery cells and systems.In 2016, Paolo Cerruti and Peter Carlsson headquartered the company in Stockholm, Stockholms Lan.
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Jun 9, 2021 | Series Unknown | $2.75B | 3 |
First Swedish National Pension Fund
Andra AP-fonden
|
— | Detail |
| Sep 29, 2020 | Series B | $600M | 1 | — | — | Detail |
| Jul 29, 2020 | Debt Financing | $1.60B | 1 | — | — | Detail |
| Jun 12, 2019 | Debt Financing | $400M | 1 |
European Investment Bank
|
— | Detail |
| May 15, 2018 | Series Unknown | €10M | 1 |
Siemens AG
|
— | Detail |
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
First Swedish National Pension Fund
|
Yes | Series Unknown |
|
Andra AP-fonden
|
Yes | Series Unknown |
|
Siemens AG
|
Yes | Series Unknown |
Norrsken VC
|
— | Series Unknown |
|
European Investment Bank
|
— | Debt Financing |
